Global: Decreased health funding the result of financial crisis
Funding to improve health in developing countries grew between 2009 and 2011, albeit only in small increments because of the strain the global financial crisis placed on donor funding, according to new research. Assistance for health grew 4% each year since 2009 and reached a total of US$27.73 billion in 2011, due in large part to the World Bank's development strategies that aimed specifically to fight the effects of the financial crisis. However, funding from countries like the US has slowed and many UN agencies announced no new grants for the next two years, signaling a continued economic hardship for the foreseeable future.
"The global financial crisis has led to a slowdown in growth of funding to improve health in many developing countries"
Health Affairs 2011; published online December 2011 (open access)
Date Posted: 17 January 2012